4.24BTC/ETH Market Outlook:

Bitcoin poked around the 76,500 level last night, then started to rebound, but the rebound's high point is decreasing, with resistance around 78,600 and pulling back, currently around 77,600. The daily candle closed as a bullish doji star, after three consecutive strong bullish candles, indicating the bulls are weakening. Today is Friday, so a reversal at a high is possible, testing around 74,000. The view of shorting around 78,000 and 76,000 remains unchanged.
On the daily chart, the upper band of the Bollinger Bands shows signs of flattening and slowing down, the KDJ is overbought at high levels with the three lines converging to form a death cross downward, RSI is turning downward, and the MACD bullish momentum is continuously shrinking. Do not chase highs; focus on shorting at higher levels.
On the 4-hour chart, there have been multiple tests of the midline support; a break below would open the downside momentum. The MACD bearish volume is increasing, and both KDJ and RSI are turning downward. Short-term support levels are around 76,000 and 74,000.
Ethereum has been trading around 2,350 and 2,400 this week for long positions, with a quick poke down to 2,283 last night. Zhongliang also issued a reminder to reduce short positions. Multiple resistances at around 2,340 during rebounds. Currently, the price is around 2,308, with the same strategy: focus on shorting around 2,350 and 2,400, with targets at 2,300, 2,250, and 2,200. #Aave宣布DeFiUnited救助计划 $BTC